ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Short Interest Up 151.7% in March

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 270,729 shares, an increase of 151.7% from the February 26th total of 107,555 shares. Currently, 10.9% of the company’s stock are short sold. Based on an average trading volume of 1,926,896 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,926,896 shares, the days-to-cover ratio is currently 0.1 days. Currently, 10.9% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares UltraPro Short Russell 2000

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of ProShares UltraPro Short Russell 2000 during the 4th quarter valued at $508,000. Jump Financial LLC bought a new position in shares of ProShares UltraPro Short Russell 2000 in the 4th quarter worth about $4,824,000. Qube Research & Technologies Ltd lifted its position in ProShares UltraPro Short Russell 2000 by 180.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 24,338 shares of the exchange traded fund’s stock valued at $286,000 after acquiring an additional 15,668 shares during the period. UBS Group AG lifted its position in ProShares UltraPro Short Russell 2000 by 6,059.5% during the 3rd quarter. UBS Group AG now owns 100,955 shares of the exchange traded fund’s stock valued at $1,187,000 after acquiring an additional 99,316 shares during the period. Finally, Group One Trading LLC boosted its stake in ProShares UltraPro Short Russell 2000 by 278.0% during the third quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock worth $69,000 after acquiring an additional 4,286 shares in the last quarter.

ProShares UltraPro Short Russell 2000 Stock Down 4.3%

Shares of NYSEARCA:SRTY traded down $1.72 during trading on Wednesday, hitting $38.30. The stock had a trading volume of 1,158,990 shares, compared to its average volume of 1,767,566. ProShares UltraPro Short Russell 2000 has a 12 month low of $31.58 and a 12 month high of $149.08. The firm’s fifty day moving average is $36.03 and its 200 day moving average is $41.39.

ProShares UltraPro Short Russell 2000 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be paid a $0.2735 dividend. This represents a $1.09 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, March 25th.

About ProShares UltraPro Short Russell 2000

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).